The dollar is turning in a mixed performance against its major rivals Friday afternoon. The buck has recovered from its early weakness against the Euro and the British pound, but continues to lose ground against the Japanese Yen. A pair of U.S. economic reports were released this morning, the results...
Consumer sentiment in the U.S. pulled back by less than initially estimated in the month of February, according to a report released by the University of Michigan on Friday. The report said the consumer sentiment index for February was upwardly revised to 96.3 from a preliminary reading of 95.7.
After reporting a steep drop in U.S. new home sales in the previous month, the Commerce Department released a report on Friday showing that new home sales rebounded in the month of January. The report said new home sales climbed by 3.7 percent to an annual rate of 555,000.
Consumer sentiment from France is due on Friday, headlining a light day for the European economic news.
The dollar weakened further against its major rivals Thursday, following the release of the minutes of the most recent Federal Reserve meeting Wednesday afternoon. Fed members said they want the central bank to go slow on raising rates, given uncertainties about the new Trump administration's fiscal...
First-time claims for U.S. unemployment benefits saw a modest increase in the week ended February 18th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 244,000, an increase of 6,000 from the previous week's revised level of 238,000.
Germany's economic growth accelerated, as initially estimated in the fourth quarter on robust domestic demand. However, a consumer confidence survey signaled a slowdown in spending this year as rising inflation and changes in the U.S. administration weigh on income and economic expectations. Gross domestic product grew 0.4 percent sequentially in the fourth quarter.
Revised quarterly national accounts and consumer sentiment from Germany are due on Thursday, headlining a light day for the European economic news.
The Bank of Korea's monetary policy board on Thursday voted to hold the nation's benchmark interest rate unchanged at the record low 1.25 percent for the eighth straight month.
That followed June's surprise rate cut by 25 basis points from 1.50 percent after 10 straight meetings without a move.
The dollar has begun to pull back following the release of the minutes from the most recent meeting of the Federal Reserve. The buck is turning in a mixed performance against its major rivals, holding onto gains against the British pound, but losing ground against both the Euro and the Yen.
After reporting a drop in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Wednesday showing that existing home sales rebounded by more than expected in the month of January. NAR said existing home sales surged up by 3.3 percent to an annual rate of 5.69 million.
German business confidence unexpectedly improved in February on an upbeat assessment of the current economic situation and greater optimism for the future, adding to evidence that suggests growth is gaining momentum in the biggest euro area economy.
The UK economy expanded more than initially estimated in the fourth quarter of 2016 on manufacturing activity, but the overall growth for the year slowed down due to weak stock-building. Gross domestic product advanced 0.7 percent sequentially in the fourth quarter, slightly faster than the 0.6 percent growth estimated on January 26.
Hong Kong's economic growth is forecast to improve this year, driven by domestic demand and sustained increase in infrastructure and construction activities, Financial Secretary Paul Chan said in his 2017-18 budget speech on Wednesday. The economy is projected to grow 2-3 percent this year compared to a moderate growth of 1.9 percent in 2016.
Ifo business confidence survey from Germany and quarterly national accounts from the UK are the major reports due on Wednesday.